Living with Fed supervision: AIG Q&A

Sid Sankaran, chief risk officer at global insurer AIG, contests the view that insurance is systemically important but says the firm welcomes Federal Reserve supervision all the same. Here he speaks to Insurance Risk about lessons from the financial crisis and the need to foster a corporate culture in which individuals take responsibility for risk management.

sid-sankaran-aig

Insurance Risk: What is the objective of the risk function at AIG?

Sid Sankaran, AIG: The risk function’s mission is to help manage enterprise risk proactively in support of our goal to be the most valued insurance company in the world, balancing profitability, growth and risk. The key question is: how in practice do you achieve that balance? The first principle is around culture. You have to foster a corporate environment in which every employee at AIG feels empowered and obligated to think for

Only users who have a paid subscription or are part of a corporate subscription are able to print or copy content.

To access these options, along with all other subscription benefits, please contact info@risk.net or view our subscription options here: http://subscriptions.risk.net/subscribe

You are currently unable to copy this content. Please contact info@risk.net to find out more.

Sorry, our subscription options are not loading right now

Please try again later. Get in touch with our customer services team if this issue persists.

New to Risk.net? View our subscription options

Register

Want to know what’s included in our free membership? Click here

This address will be used to create your account

The future of life insurance

As the world constantly evolves and changes, so too does the life insurance industry, which is preparing for a multitude of challenges, particularly in three areas: interest rates, regulatory mandates and technology (software, underwriting tools and…

Most read articles loading...

You need to sign in to use this feature. If you don’t have a Risk.net account, please register for a trial.

Sign in
You are currently on corporate access.

To use this feature you will need an individual account. If you have one already please sign in.

Sign in.

Alternatively you can request an individual account here